Ree 3043 exam 2 questions - Study guides, Class notes & Summaries

REE 3043 Exam 1 Questions and Answers All Correct List the four classes of real property: - Answer-1. Real estate held as a personal residence 2. Real estate held for sale to others - dealer property 3. Real estate held for use in a trade or business - trade or business property 4. Real estate held as an investment for the production of income - investment property A List the three types of income subject to federal taxation: - Answer-1.Active Income 2.Portfolio Income 3.Passive Inco...

REE 3043 Exam 1 Quiz Questions And Answers 100% Pass When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include: A. Fences B. Streets C. Sewer systems D. Walkways - answerA. Fences Real estate is property, which can either be a tangible or intangible asset. Which of the following would be considered and intangible asset? A. Motor home B. Mortgage C. Land D. Building - answerB. Mortgage When the value of l...

REE 3043 Final Exam Questions With Revised Answers What is ARMS - answeradjustable rate mortgages ARMS features - answer- initial teaser rate - initial adjustment period - adjustment interval (1 year is most common) Fully indexed rate - answerIndex plus Margin Capped rate - answerInitial plus Cap Lender's yield cash flow - answeramount disbursed by lender = LA - Lender fees APR cash flow - answerAmount Financed= LA - Broker fees Effective borrowing cost cash flow - answeramount receiv...

REE 3043 Exam 1 Questions And Answers 100% Pass Which methods does the federal government use to influence the real estate market? - answerincome tax incentives, fair housing laws, granting housing subsidies The term "real estate" is used in three fundamental ways. These include all of the following EXCEPT : - answerto identify all types of property. Which of the following statements define the role of Real Estate in our economy? - answerAll of these statements are correct. What tw...

REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS What two elements are involved in every real estate investment decision? - Answer- Initial cost and value of future benefit Approximately what portion of U.S. households owns their own home? - Answer- Approximately 2/3 A neighborhood association was formed to improve the community. They built parks, bike paths, landscaped the entrance and invited entertainers to perform at the 4th of July celebrations. All of this has ...

REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Functional Obsolescence - Answer-An older design and the building doesn't function in such a way maintain value Cost approach - Answer-Can you determine the cost to replace reproduce any type of property Fully Amortized Mortgage - Answer-Periodic payments that are sufficient enough to cover the entirety of the loan and the entirety of the interest by the end of the term Interest only loan - Answer-Making payments toward only the interest...

When a buyer of a property with an existing mortgage loan acquires the property and signs the note for an existing loan, the buyer is acquiring the property: - by assumption. Which of these points in a mortgage loan would be addressed in the mortgage (possibly in the note as well)? - Escrows The Real Estate Settlement Procedures Act does which of these: - All of these statements are correct. ( Requires that the borrower be able to inspect the closing statement a day before the actual clos...

©THEBRIGHTSTARS 2024 REE 3043 EXAM 1 Questions With Revised Answers When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include: a. fences b. sewer systems c. walkways d. streets - answerfences Real estate is property, which can be either a tangible or an intangible asset. Which of the following would be considered an intangible asset? a. Land b. Building c. Motor home d. Mortgage - answerMortgage When t...

REE 3043 Exam Questions With Correct Answers Portfolio Manager - answerAdvise. Asset acquisition, renovation, sale decisions affect owner's portfolio.;Asset Manager - answerAnalyze. Advise. Asset acquisition, renovation, sale decisions affect owner's portfolio affect asset's price or expected return. Property investment values or expected returns. Hiring property manager. Maintenance and prop conditions;Property Managers - answerThe day to day operations of the assets. Rent collection...

REE 3043 Exam 1 Questions With Revised Answers Which methods does the federal government use to influence the real estate market? - answerincome tax incentives, fair housing laws, granting housing subsidies The term "real estate" is used in three fundamental ways. These include all of the following EXCEPT : - answerto identify all types of property. Which of the following statements define the role of Real Estate in our economy? - answerAll of these statements are correct. What two ele...